Artemis Investment Management LLP Has $19.87 Million Stock Holdings in Kornit Digital Ltd. (NASDAQ:KRNT)

Artemis Investment Management LLP grew its stake in shares of Kornit Digital Ltd. (NASDAQ:KRNT) by 138.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 641,908 shares of the industrial products company’s stock after purchasing an additional 372,443 shares during the quarter. Artemis Investment Management LLP owned about 1.35% of Kornit Digital worth $19,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Kornit Digital by 69.7% during the third quarter. Signaturefd LLC now owns 5,818 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,390 shares during the last quarter. Privium Fund Management B.V. increased its stake in shares of Kornit Digital by 8.8% during the 3rd quarter. Privium Fund Management B.V. now owns 11,800 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 950 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Kornit Digital by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,029 shares of the industrial products company’s stock valued at $235,000 after purchasing an additional 1,184 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Kornit Digital by 26.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,486 shares of the industrial products company’s stock valued at $256,000 after purchasing an additional 3,633 shares during the period. Finally, Trust Point Inc. lifted its stake in Kornit Digital by 4.6% in the 3rd quarter. Trust Point Inc. now owns 17,868 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 92.76% of the company’s stock.

Kornit Digital Price Performance

Shares of Kornit Digital stock opened at $29.70 on Friday. Kornit Digital Ltd. has a 52-week low of $13.59 and a 52-week high of $34.28. The firm has a 50-day moving average of $31.34 and a 200-day moving average of $24.29.

Kornit Digital (NASDAQ:KRNT) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Kornit Digital had a negative net margin of 21.00% and a negative return on equity of 2.17%. The firm had revenue of $50.73 million during the quarter, compared to the consensus estimate of $50.44 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year. As a group, equities analysts forecast that Kornit Digital Ltd. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Kornit Digital from $33.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Barclays increased their price target on Kornit Digital from $21.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Needham & Company LLC lifted their price objective on shares of Kornit Digital from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Craig Hallum increased their price objective on shares of Kornit Digital from $27.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Cantor Fitzgerald assumed coverage on shares of Kornit Digital in a report on Tuesday, November 26th. They set an “overweight” rating and a $39.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Kornit Digital Profile

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services.